Visa & Mastercard plan to increase transaction fees for US merchants who accept card payments. The hikes go into effect in April 2019 and are likely to further damage the already fragile relationship between payment providers and merchants.

Visa & Mastercard plan to increase transaction fees for US merchants who accept card payments. The hikes go into effect in April 2019 and are likely to further damage the already fragile relationship between payment providers and merchants. submitted by /u/CryptoChanneI
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Bitcoin – The Currency of the Internet

Indians Lost $2.3 Billion in Remittance Payments in 2018; Can Bitcoin Help with Near-Zero Fees?

According to The Times of India, money transfers cost citizens and non-residents over $ 2.3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance. Nischal Shetty, the CEO of local Bitcoin exchange WazirX, said that the dominant cryptocurrency could bring down remittance costs to near zero. Dear @arunjaitley @narendramodi Rs. 15,000 crores. That's just remittance fees paid by Indians in a year. Crypto has the potential to bring down this cost to almost Zero. All this money could go to the people. Let's join the revolution & find solutions #IndiaWantsCrypto pic.twitter.com/zeNZ6FQgw7 — Nischal

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Lightning Network Dev. Warns Against Marketing Lightning as The Answer to High Bitcoin Fees

In a tweet, Lightning Network infrastructure lead Alex Bosworth wrote: “There’s a bit too much emphasis placed on the idea that LN is all about low fees. Fees on the network are charged at a market rate. We cannot control this market therefore we can’t guarantee low fees all the time. We can remove reasons

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Anyone calling Proof of Keys a “bank run” is confusing banks – who give loans and are fractional reserve by nature – to exchanges and wallets which make money on trade and transfer fees and should always be 100% solvent.

submitted by /u/ride_the_LN
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Bitcoin – The Currency of the Internet